Hong Kong stocks decline as HKMA currency move stokes rate concerns Zhang Shidong Business – South China Morning Post

Hong Kong stocks retreated from a three-month high as property developers and lenders slumped after the monetary authority intervened in the currency market and mopped up liquidity, threatening to push up local interest rates.
The Hang Seng Index fell 0.5 per cent to 24,348.08 at 10.03am local time on Thursday. The Hang Seng Tech Index gained 0.3 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both slipped 0.1 per cent.
Sun Hung Kai Properties tumbled 3.8 per cent…Hong Kong stocks retreated from a three-month high as property developers and lenders slumped after the monetary authority intervened in the currency market and mopped up liquidity, threatening to push up local interest rates.
The Hang Seng Index fell 0.5 per cent to 24,348.08 at 10.03am local time on Thursday. The Hang Seng Tech Index gained 0.3 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both slipped 0.1 per cent.
Sun Hung Kai Properties tumbled 3.8 per cent…  Read More 

​Business – South China Morning Post